Taxrelief1342653

Name	:	taxrelief1342653
Website	:	Visit Website
Blog	:	Visit Blog
Social Links	:

TAX AUDIT REPRESENTATION: WHO CAN ASSIST IF YOU�RE BEING AUDITED?

Taxrelief134265316 Jul, 2024Finance

Just when you think tax season is over and you don?t have to worry about tax returns until next April, a letter arrives in the email with the IRS seal in the corner. Your heart drops. You paid your taxes on time, and you trusted your tax preparer. You were sure they helped you to file everything accurately. You open the envelope. It?s a CP06 Notice from the IRS. The CP06 letter is the Initial Contact Letter from the IRS indicating that your tax return has been flagged for an audit. Before you panic, it?s important to take a step back, understand what this means and, most importantly, know that you are not alone. Before we dive into who can represent you during an audit, let?s explore the types of audits, what they mean, and how to take steps to avoid one.

CAN YOU NEGOTIATE IRS DEBT?

Taxrelief134265316 Jul, 2024Finance

Did you file your tax returns in April, as you should, and faced a bottom line tax liability you couldn?t afford to pay? Maybe you received a tax bill in the mail and you can?t pay the full amount right now without facing financial hardship. If this sounds like your current situation, you might wonder if you can negotiate tax debt. The IRS offers several programs to help you reduce your tax liability and pay off your taxes for less than the full amount owed. If you can eventually pay your tax, but not in a lump sum payment, you also have options.